Global Home Decor Market 2018-2023: Strong Performance of the Online Retail Sector - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 4, 2019--The “Home Decor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global home decor market was worth US$582 Billion in 2017
Home decor has been gaining prominence across both developed and developing markets with increasing urbanization and globalization trends. Globalization is now enabling the easy and wide availability of such decorative items, designs and ideas to consumers. Home owners are also realizing the need of such items and are often searching for them to keep their homes more attractive and organized.
Home decor is witnessing a strong growth catalyzed by rising levels of disposable incomes, recovery of the real estate industry, increasing urbanization rates and rising awareness levels. Rising levels of urbanization have resulted in an increasing number of new households being setup.
Currently more than half of the global population live in urban areas and these levels are expected to increase further in the coming years, creating a positive impact on the demand of home decor products. Moreover, home decor products are income elastic, we expect global disposable incomes to increase continuously over the next few years, particularly in emerging economies such as Asia, Africa, Middle East, Eastern Europe, etc.
Additionally, the recovery of the global real estate industry is also expected to drive home ownership rates creating a positive impact on this market. Another major factor driving this market is the strong performance of the online retail sector. The advent of online retail has made home decor products easily available, affordable and convenient to buy.
Looking forward, the global home decor market is projected to exceed US$ 741 Billion by 2023, exhibiting a CAGR of around 4% during 2018-2023.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Home Decor Market
6 Market Breakup by Product Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Competitive LandscapeHome Depot Lowe’s Companies Sherwin-Williams Walmart Stores Bauhaus Bunnings Warehouse Carrefour Homebase Kingfisher KOMERI Leroy Merlin Menard OBI Rona Inc.
For more information about this report visit https://www.researchandmarkets.com/research/56bs2w/global_home_decor?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190104005222/en/
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Related Topics:Interior Design and Decorative Arts
INDUSTRY KEYWORD: HOME GOODS INTERIOR DESIGN RETAIL CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
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PUB: 01/04/2019 06:56 AM/DISC: 01/04/2019 06:56 AM